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On Wall Street Friday Technology stocks led a broad rally, capping another strong week for the market, as investors welcomed solid profits from Apple and other companies. Since August posted its first back-to-back weekly gains and the S&P rose 500 2.5%. The tech-heavy Nasdaq composite climbed 2.9% and the Dow Jones Industrial average rose 2.6%. Lifting the Russell 2000 index by 2.3%, smaller company stocks also gained ground. During the summer than expected Apple’s latest quarterly results showed the iPhone maker made even fatter profits. Its shares rose 7.6% and technology stocks led a rally that had largely been beaten up a day earlier. Intel jumped 10.7% even though it said it saw “worsening economic conditions after delivering a much bigger profit than analysts forecasted”.  After they also topped Wall Street’s profit expectations Gilead Sciences soared 12.9%, and T-Mobile US gained 7.4%. After new data showing the economy grew modestly in the third quarter and inflation ea...

  A hotter-than-expected inflation report sent the stock market tumbling on Tuesday. More than 1,200 points the Dow Jones Industrial Average fell, which amounted to a nearly 4% drop, making it the index’s worst day since June 2020. Its worst day of 2022 the S&P 500, meanwhile the index to which many 401(k)s are pegged — dropped more than 4%. More than 5% of the tech-heavy Nasdaq plummeted. In August inflation data was released on Tuesday which revealed that prices rose slightly, to decide on another interest rate hike next week for U.S. households worsening the cost woes as the Federal Reserve readies. Whether inflation has peaked the data calls into question. According to the Bureau of Labour Statistics, On a monthly basis, the consumer price index rose 0.1% in August, inching upward from the flat month-to-month movement in July. According to the bureau, in August the consumer price index, or CPI, rose 8.3% over the past year, a slight slowdown from 8.5% in July. The cost of g...